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Allowance For Credit Losses (Tables)

3 Months Ended

Mar. 31, 2023

Financing Receivable, Allowance for Credit Loss


	Beginning Balance		Impact of Adopting ASU 2022-02		PCD Loan Reserves		Charge-offs		Recoveries		Provision for (recovery of) credit losses		Ending Balance
March 31, 2023
Commercial and industrial	$	3,565	12		—		—		$	83	$	626	$	4,286

1-4 Family	566		(1)		—		(3)		14		37		613
Hotels	2,332		—		—		—		—		(148)		2,184
Multi-family	380		—		500		—		—		147		1,027
Non Residential Non-Owner Occupied	2,019		—		1,536		—		144		1,225		4,924
Non Residential Owner Occupied	1,315		—		775		—		—		347		2,437
Commercial real estate	6,612		(1)		2,811		(3)		158		1,608		11,185

Residential real estate	5,430		(138)		—		(32)		10		214		5,484
Home equity	290		(46)		—		(67)		4		219		400
Consumer	110		(2)		—		(62)		23		302		371
DDA overdrafts	1,101		—		—		(450)		398		(51)		998
	$	17,108	$	(175)	$	2,811	$	(614)	$	676	$	2,918	$	22,724

March 31, 2022
Commercial and industrial	$	3,480	$	—	$	—	$	(34)	$	59	$	(47)	$	3,458

1-4 Family	598		—		—		—		29		(53)		574
Hotels	2,426		—		—		—		—		119		2,545
Multi-family	483		—		—		—		—		(6)		477
Non Residential Non-Owner Occupied	2,319		—		—		—		24		(62)		2,281
Non Residential Owner Occupied	1,485		—		—		—		—		(103)		1,382
Commercial real estate	7,311		—		—		—		53		(105)		7,259

Residential real estate	5,716		—		—		(50)		45		(672)		5,039
Home equity	517		—		—		—		17		(124)		410
Consumer	106		—		—		(23)		28		(25)		86
DDA Overdrafts	1,036		—		—		(631)		406		217		1,028
	$	18,166	$	—	$	—	$	(738)	$	608	$	(756)	$	17,280

Financing Receivable, Nonaccrual

The following table presents the amortized cost basis of loans on non-accrual status and loans past due over 90 days still accruing as of March 31, 2023 (in thousands):


	Non-accrual With No		Non-accrual With		Loans Past Due
	Allowance for		Allowance for		Over 90 Days
	Credit Losses		Credit Losses		Still Accruing
Commercial & Industrial	$	—	$	994	$	—

1-4 Family	—		721		—
Hotels	—		115		—
Multi-family	—		—		—
Non Residential Non-Owner Occupied	—		779		—
Non Residential Owner Occupied	—		316		—
Commercial Real Estate	—		1,931		—

Residential Real Estate	—		2,700		—
Home Equity	—		35		—
Consumer	—		19		—
Total	$	—	$	5,679	$	—

The following table presents the amortized cost basis of loans on non-accrual status and loans past due over 90 days still accruing as of December 31, 2022 (in thousands):


	Non-accrual With No		Non-accrual With		Loans Past Due
	Allowance for		Allowance for		Over 90 Days
	Credit Losses		Credit Losses		Still Accruing
Commercial & Industrial	$	—	$	1,015	$	—

1-4 Family	—		937		—
Hotels	—		115		—
Multi-family	—		—		—
Non Residential Non-Owner Occupied	—		816		—
Non Residential Owner Occupied	—		298		—
Commercial Real Estate	—		2,166		—

Residential Real Estate	228		1,741		164
Home Equity	—		55		—
Consumer	—		—		23
Total	$	228	$	4,977	$	187

Financing Receivable, Past Due

The following tables present the aging of the amortized cost basis in past-due loans as of March 31, 2023 and December 31, 2022 by class of loan (in thousands):


	March 31, 2023
	30-59		60-89		90+		Total		Current		Non-		Total
	Past Due		Past Due		Past Due		Past Due		Loans		accrual		Loans
Commercial and industrial	$	97	$	—	$	—	$	97	$	389,770	$	994	$	390,861

1-4 Family	—		—		—		—		118,296		721		119,017
Hotels	—		—		—		—		327,439		115		327,554
Multi-family	—		—		—		—		195,042		—		195,042
Non Residential Non-Owner Occupied	—		—		—		—		679,003		779		679,782
Non Residential Owner Occupied	148		—		—		148		222,632		316		223,096
Commercial real estate	148		—		—		148		1,542,412		1,931		1,544,491

Residential real estate	4,042		520		—		4,562		1,730,342		2,700		1,737,604
Home Equity	511		40		—		551		150,755		35		151,341
Consumer	3		—		—		3		66,972		19		66,994
Overdrafts	273		4		—		277		3,118		—		3,395
Total	$	5,074	$	564	$	—	$	5,638	$	3,883,369	$	5,679	$	3,894,686


	December 31, 2022
	30-59		60-89		90+		Total		Current		Non-		Total
	Past Due		Past Due		Past Due		Past Due		Loans		accrual		Loans
Commercial and industrial	$	201	$	33	$	—	$	234	$	372,641	$	1,015	$	373,890

1-4 Family	17		—		—		17		115,238		937		116,192
Hotels	—		—		—		—		340,289		115		340,404
Multi-family	—		—		—		—		174,786		—		174,786
Non Residential Non-Owner Occupied	—		—		—		—		585,148		816		585,964
Non Residential Owner Occupied	505		188		—		693		173,970		298		174,961
Commercial real estate	522		188		—		710		1,389,431		2,166		1,392,307

Residential real estate	6,843		84		164		7,091		1,684,463		1,969		1,693,523
Home Equity	622		28		—		650		133,612		55		134,317
Consumer	52		25		23		100		48,706		—		48,806
Overdrafts	386		5		—		391		3,024		—		3,415
Total	$	8,626	$	363	$	187	$	9,176	$	3,631,877	$	5,205	$	3,646,258

Financing Receivable, Credit Quality Indicators

Based on the most recent analysis performed, the risk category of loans by class of loans at March 31, 2023 and December 31, 2022 is as follows (in thousands), with the loans acquired from Citizens categorized by their origination date:


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
March 31, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial and industrial
Pass	$	14,563	$	52,455	$	91,333	$	58,988	$	25,447	$	22,821	$	90,005	$	355,612
Special mention	389		1,668		878		3,341		—		19		23,989		30,284
Substandard	—		949		195		966		1,127		1,649		79		4,965
Total	$	14,952	$	55,072	$	92,406	$	63,295	$	26,574	$	24,489	$	114,073	$	390,861
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial and industrial
Pass	$	51,268	$	91,097	$	60,251	$	26,356	$	19,497	$	6,917	$	109,645	$	365,031
Special mention	—		—		392		9		—		19		3,245		3,665
Substandard	955		203		1,025		1,175		224		1,533		79		5,194
Total	$	52,223	$	91,300	$	61,668	$	27,540	$	19,721	$	8,469	$	112,969	$	373,890



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
March 31, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial real estate -
1-4 Family
Pass	$	5,815	$	33,613	$	18,582	$	12,315	$	8,486	$	26,631	$	10,659	$	116,101
Special mention	—		225		—		113		—		823		—		1,161
Substandard	—		82		—		260		52		1,361		—		1,755
Total	$	5,815	$	33,920	$	18,582	$	12,688	$	8,538	$	28,815	$	10,659	$	119,017
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	3	$	—	$	3



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial real estate -
1-4 Family
Pass	$	31,331	$	21,640	$	12,565	$	8,609	$	4,826	$	22,949	$	11,107	$	113,027
Special mention	228		—		115		—		—		836		—		1,179
Substandard	83		—		264		56		—		1,583		—		1,986
Total	$	31,642	$	21,640	$	12,944	$	8,665	$	4,826	$	25,368	$	11,107	$	116,192


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
March 31, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial real estate -
Hotels
Pass	$	—	$	84,835	$	35,278	$	12,094	$	59,920	$	100,797	$	319	$	293,243
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		3,627		24,074		6,610		—		34,311
Total	$	—	$	84,835	$	35,278	$	15,721	$	83,994	$	107,407	$	319	$	327,554
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial real estate -
Hotels
Pass	$	85,590	$	35,849	$	12,275	$	60,429	$	14,921	$	90,686	$	323	$	300,073
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		3,593		24,229		—		12,509		—		40,331
Total	$	85,590	$	35,849	$	15,868	$	84,658	$	14,921	$	103,195	$	323	$	340,404



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
March 31, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial real estate -
Multi-family
Pass	$	1,908	$	20,624	$	28,794	$	65,967	$	40,087	$	36,860	$	802	$	195,042
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Total	$	1,908	$	20,624	$	28,794	$	65,967	$	40,087	$	36,860	$	802	$	195,042
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial real estate -
Multi-family
Pass	$	13,761	$	21,312	$	65,542	$	37,698	$	2,189	$	33,560	$	724	$	174,786
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Total	$	13,761	$	21,312	$	65,542	$	37,698	$	2,189	$	33,560	$	724	$	174,786






													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
March 31, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial real estate -
Non Residential Non-Owner Occupied
Pass	$	25,255	$	149,234	$	125,207	$	77,725	$	74,739	$	183,258	$	8,641	$	644,059
Special mention	—		—		108		1,837		173		25,266		—		27,384
Substandard	1,312		—		583		2,472		1,414		2,558		—		8,339
Total	$	26,567	$	149,234	$	125,898	$	82,034	$	76,326	$	211,082	$	8,641	$	679,782
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial real estate -
Non Residential Non-Owner Occupied
Pass	$	110,501	$	108,290	$	89,943	$	68,027	$	87,413	$	113,287	$	2,781	$	580,242
Special mention	—		110		170		176		—		—		—		456
Substandard	—		601		—		1,330		2,089		1,244		2		5,266
Total	$	110,501	$	109,001	$	90,113	$	69,533	$	89,502	$	114,531	$	2,783	$	585,964



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
March 31, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial real estate -
Non Residential Owner Occupied
Pass	$	11,231	$	31,261	$	45,294	$	19,145	$	24,218	$	65,038	$	3,997	$	200,184
Special mention	—		—		2,732		1,115		2,125		479		114		6,565
Substandard	—		936		390		109		2,257		11,650		1,005		16,347
Total	$	11,231	$	32,197	$	48,416	$	20,369	$	28,600	$	77,167	$	5,116	$	223,096
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial real estate -
Non Residential Owner Occupied
Pass	$	21,782	$	36,186	$	17,216	$	22,274	$	17,622	$	39,861	$	3,238	$	158,179
Special mention	—		—		—		329		—		493		113		935
Substandard	943		193		110		2,479		772		10,350		1,000		15,847
Total	$	22,725	$	36,379	$	17,326	$	25,082	$	18,394	$	50,704	$	4,351	$	174,961


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
March 31, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Commercial real estate -
Total
Pass	$	44,210	$	319,566	$	253,156	$	187,247	$	207,450	$	412,583	$	24,418	$	1,448,630
Special mention	—		225		2,840		3,064		2,298		26,567		114		35,108
Substandard	1,312		1,017		973		6,469		27,798		22,179		1,005		60,753
Total	$	45,522	$	320,808	$	256,969	$	196,780	$	237,546	$	461,329	$	25,537	$	1,544,491
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	3	$	—	$	3


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Commercial real estate -
Total
Pass	$	262,965	$	223,277	$	197,541	$	197,037	$	126,971	$	300,343	$	18,173	$	1,326,307
Special mention	228		110		285		505		—		1,329		113		2,570
Substandard	1,026		794		3,967		28,094		2,861		25,686		1,002		63,430
Total	$	264,219	$	224,181	$	201,793	$	225,636	$	129,832	$	327,358	$	19,288	$	1,392,307


													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
March 31, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Residential real estate
Performing	$	45,603	$	422,862	$	339,567	$	269,575	$	120,571	$	454,539	$	82,187	$	1,734,904
Non-performing	—		—		449		92		1,123		766		270		2,700
Total	$	45,603	$	422,862	$	340,016	$	269,667	$	121,694	$	455,305	$	82,457	$	1,737,604
YTD Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	26	$	6	$	32

													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Residential real estate
Performing	$	405,059	$	336,462	$	270,197	$	122,559	$	86,317	$	382,652	$	88,308	$	1,691,554
Non-performing	—		207		—		755		79		738		190		1,969
Total	$	405,059	$	336,669	$	270,197	$	123,314	$	86,396	$	383,390	$	88,498	$	1,693,523



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
March 31, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Home equity
Performing	$	4,698	$	16,395	$	7,133	$	4,566	$	2,785	$	7,407	$	108,322	$	151,306
Non-performing	—		—		—		—		—		—		35		35
Total	$	4,698	$	16,395	$	7,133	$	4,566	$	2,785	$	7,407	$	108,357	$	151,341
YTD Gross Charge-offs	$	—	$	32	$	—	$	—	$	—	$	35	$	—	$	67



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Home equity
Performing	$	16,670	$	7,394	$	5,000	$	3,035	$	1,823	$	5,116	$	95,224	$	134,262
Non-performing	—		—		—		—		—		—		55		55
Total	$	16,670	$	7,394	$	5,000	$	3,035	$	1,823	$	5,116	$	95,279	$	134,317



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
March 31, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		Total
Consumer
Performing	$	15,176	$	25,735	$	7,191	$	4,960	$	3,840	$	8,667	$	1,406	$	66,975
Non-performing	—		—		—		—		—		19		—		19
Total	$	15,176	$	25,735	$	7,191	$	4,960	$	3,840	$	8,686	$	1,406	$	66,994
YTD Gross Charge-offs	$	—	$	—	$	36	$	—	$	3	$	20	$	3	$	62



													Revolving
	Term Loans												Loans
	Amortized Cost Basis by Origination Year and Risk Level												Amortized
December 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Consumer
Performing	$	25,296	$	7,954	$	5,482	$	4,299	$	2,246	$	2,064	$	1,465	$	48,806
Non-performing	—		—		—		—		—		—		—		—
Total	$	25,296	$	7,954	$	5,482	$	4,299	$	2,246	$	2,064	$	1,465	$	48,806